Emea Telcos' 2007 Results Are Strong as Possible Market Downturn Nears

Publication Date	April 2008
Publisher	Ovum
Product Type	Report
Pages	8
ISBN Number	not applicable
Product Code	OVM00516

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£375.00
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Summary

As the euro appreciated 8.3% versus the US dollar in 2007, telecom revenues for 52 carriers grew (in US dollars) at a faster 15% pace to $504 billion, net income grew 31% to attain an average net margin of 13.2%, and operating cash flow (OCF, or revenues less opex less capex) held steady at a bit over 20% of revenues. OCF's stability was aided by capex, which rose by just 13.5%. Operators in the Middle East, Africa, and CIS markets retain above-average net margins and OCF.

Content

Table of Contents
- 2007 Results
- Growth in Profits and Cash Flow Outpaces Revenue
- Largest Five Inos Remain around Half of The Market
- Subregional Financials Vary with Competition, Saturation, and Build-out Cycles
- Capital Intensity Converging among Subregions
- The Bottom Line
- Emerging Markets Offer Attractive Growth but The Big Money Still Resides with The Inos
Table of Figures
- Figure 1 Emea Telco Financial Results, 2005-07
- Figure 2 Largest 5 Inos' Share of The Emea Market, 2007
- Figure 3 Revenues and Profit Margins for Emea's Largest 25 Sps in 2007
- Figure 4 Emea Telcos' Capital Intensity Ratios by Subregion, 2005-07